Business Context and Reporting Period
This Form 8-K Current Report was filed by OceanFirst Financial Corp. on September 7, 2005. The filing pertains to a management appointment within OceanFirst Bank, a wholly-owned subsidiary of the Company.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance.
Material Changes
The primary material change reported is the appointment of Vito R. Nardelli as Executive Vice President and Chief Operating Officer of OceanFirst Bank, effective September 7, 2005. Mr. Nardelli previously served as Executive Vice President and Chief Sales Officer at the Bank since June 1, 2004.
Management Commentary and Risks
Management highlighted Mr. Nardelli's extensive experience, including prior roles as Senior Vice President and Retail Banking Director at Trust Company Bank and Senior Vice President and Division President at Dime Savings Bank. The filing notes that Mr. Nardelli had previously executed Change in Control Agreements with the Company and the Bank, which were disclosed in the December 31, 2004 Form 10-K. No specific risks or contingencies were detailed in this report.
Investor Verification Checklist
- Verify the effective date of Vito R. Nardelli's new role as Chief Operating Officer.
- Review the Change in Control Agreements filed as an exhibit to the December 31, 2004 Form 10-K.
- Confirm the press release dated September 13, 2005, referenced as Exhibit 99.1.